BarcoEvents announces over 50% growth in LED sales

BarcoEvents receives orders for over 5000 square feet (450 square meters) of its award-winning LED displays during the first quarter of 2002, posting a growth of over 50% over the same period last year. The division, one of the fastest growing within the Barco group, boasts several substantial orders this year, including orders by US-based wholesale rental giant VER (Video Equipment Rentals), multi-national event engineering companies PSL Group (USA & UK), the Avesco Group’s Screenco & Creative Technology (USA & UK), as well as VPS (France), Imag -Video (USA) and AV Teknik (Sweden). BarcoEvents has already received LED orders in excess of US$25 million during the first quarter of this year.

According to industry market research data, BarcoEvents counted over 60% market share (by value) of the total global LED rental market during 2001. The recently-released growth figures indicate that Barco is clearly living up to its reputation as "reference in the LED industry".

BarcoEvents’ division manager Steve Scorse commented: "I truly believe that Barco’s continued dedication to delivering a high-quality product backed by reliable service and support have differentiated us from our competitors."

Barco will also be a major provider of the LED displays used during the World Cup Football Championships 2002 via the sale of over 430 tiles Dlite7 to its Korean rental partners - Good Media, Hibino Korea, Imtek Korea and SeWoo Korea.

(Lee Baldock)

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